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    OFF-MARKET
    Retail space

    116 Nora Ave, Spokane, WA 99207-2334

    3,338 SF 0.16 ac lot Built 1932
    Entity Owned 7-yr Hold ~ Est. High Equity
    Property ID
    US90-1595163
    Property summary
    AI-generated overview

    This 3,338 square foot commercial building in Spokane, WA, is ideally situated in a high-traffic area, making it perfect for a variety of businesses. The property boasts a large open area suitable for retail space or a reception area, complemented by four private offices and ample room for additional cubicles. A convenient kitchen and dining area caters to clients or employees. Its central location makes it particularly attractive to professionals needing proximity to the courthouse, such as counselors or attorneys. The building offers abundant parking, including spaces behind the building and readily available street parking. Two bathrooms add to the convenience. Recent updates include new flooring, fresh paint, and a new furnace. The 0.02-acre lot provides ample space for operations. With its versatile layout and recent improvements, this property presents a significant opportunity for a business seeking a well-maintained and conveniently located space in a thriving Spokane neighborhood. The building's size and features offer flexibility for various business models, ensuring a strong return on investment. This is a rare opportunity to acquire a well-maintained commercial property in a desirable location.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1932
    Total area 3,338 SF
    Lot 0.16 ac (7,100 SF)
    APN 35083.2105
    UPID US90-1595163
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Btlc Investments LLC · 7 yrs held
    Btlc Investments LLC
    since 2019
    3 recorded transactions
    2019
    $250,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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